The Public Investment Corporation (PIC) is a South African state-owned entity (SOC) with R1.907 trillion (USD 125 Billion) of assets under management as of 31 March 2020. It is Africa's largest asset manager. Established in 1911, it holds large stakes in several South African companies, and is one of the entities through which the government implements its policy of Broad-Based Black Economic Empowerment. The PIC is also responsible for investing the South African Government Employees Pension Fund (GEPF).
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